COMMODITY MARKETS.
WOOL PRICES MAINTAINED
Received March 20. 10.30 a.m. LONDON. March 19
Commodity prices mostly reacted unfavourably io the Czech crisis, almost the only exceptions being wheat and wool.
The results of the wool sales are most satisfactory. Keen competition was maintained and prices were fully up to the opening level. Catalogues generally were well cleared, moderate withdrawals being due to the high selling limits. Buyers apparently regard the present prices as satisfactory and the awkward international position did not deter them from operating. Brokers’ proposals to increase the delivery charges by one-eighth of a penny per lb and make other charges in connection with the sales were discussed at a meeting of the committee o! the Colonial Woollniyers’ Association, but no decision was reached It is understood that these proposals were designed to attract more wool to London, but the buyers contend that this object is more likely to be attained by reducing the charges rather than by increasing them.
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Bibliographic details
Manawatu Standard, Volume LIX, Issue 92, 20 March 1939, Page 7
Word Count
162COMMODITY MARKETS. Manawatu Standard, Volume LIX, Issue 92, 20 March 1939, Page 7
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